Wokai is a brand that was dedicated to growing microfinance in China. Unfortunately, due to the lack of a suitable CEO candidate and unexpected funding obstacles, Wokai has decided to wind down its operations. However, the impact they have made over the years is noteworthy.

With the support of their global community, they raised over $450,000 in loan capital, funding over 1,500 micro-loans benefiting 961 borrowers. These loans had an impressive on-time repayment rate of over 98%. The funds provided support for more than 4,000 individuals, helping them take steps towards escaping poverty.

Wokai's cause received global recognition through media features by major outlets such as CNN, Bloomberg, and MSNBC. Though Wokai will cease its operations, their legacy will live on. Field Partners have committed to using the contributed loan capital to continue providing micro-loans to entrepreneurs in China's rural provinces, potentially helping over 9,000 individuals and their communities over the next decade.

While Wokai may be winding down, their mission to empower micro-entrepreneurs in China will leave a lasting impact